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Our Big Fat Greek Bailout

“Keynesians of the world unite” should have been the slogan for the meeting held on Tuesday between President Obama and German Chancellor Angela Merkel. Obama knowing full well that the economy is not doing well has decided to pin the blame on what he calls foreign headwinds. These foreign headwinds Obama is referring to is the current economic situation of Greece. At this glorious Germanic occasion Obama announced “we have pledged to cooperate fully in working through these issues, both on a bilateral basis but also through international and financial institutions like the IMF.” Furthermore Obama has said that if Greece would default on their debt would be disastrous. So the solution that these two economic masterminds came up with was to give Greece another bailout.

Currently Greece has reached record highs in unemployment. Greeks Jobless rate in March is at 16.2%, which is an increase of 0.3% from February. In an attempt to pull their economy out of the doldrums Greece has implemented new austerity measures to try to combat the increase the debt-ridden country. These new measures containing a decrease in government spending and tax hikes have led to high levels of anger through the Greek population.

Yet it must be asked what would another Greece bailout mean for America? Another bailout of any kind would in one way or another take money away from each American citizen. Since the government doesn’t have the money to spend in the first place they must get funds either through increasing taxes, borrowing more money which would increase our national debt, or to have the Federal Reserve crank up the printing press which would decrease the value of our dollar. Also this would undermine our national sovereignty because if we give more money to the IMF America won’t be able to stipulate how our tax dollars will be spent, not that we should give them money in the first place. The reasons why we should not bail out Greece or anybody for that matter is because the end results are, resources get misallocated, our economy gets weaker, and the American people suffer.

FreedomWorks Foundation applauds President Trump and EPA Administrator Scott Pruitt on their announcement to repeal the Clean Power Plan (CPP). It is our organization’s intention to staunchly support this effort through our Regulatory Action Center, driving a grassroots campaign in support of this critical regulatory reform. FreedomWorks Foundation President Adam Brandon made the following statement:

Section 702, the controversial aspect of the Foreign Intelligence Surveillance Act (FISA) which allows for mass surveillance of American Citizens, is set to phase out at the end of 2017. Some in congress have introduced measures that would make Section 702, in its current form, permanent law and avoid any reforms which might grant Americans greater privacy protections. Here are 10 reasons why that is an absolutely horrific idea.

As Congress considers welfare reform many are quick to point out the political roadblocks facing actual progress. Although the crumbling welfare apparatus has become a focal point in recent congressional discourse due to the efforts of House conservatives within the Freedom Caucus it will still be an uphill fight to get lasting reforms pushed through at the federal level.

On June 29 President Obama published a blog on Huffington Post announcing his “plan to extend overtime protections to nearly 5 million workers in 2016, covering all salaried workers making up to about $50,400 next year.”

Democracy and Power 103: Government Money
The money taxed and spent by the politicians comes from the labor and ingenuity of millions of working persons. Politicians spend other peoples’ money. The politician transfers money from productive people to favored special interest groups.

Washington, DC- Following news that the Obama administration refused to release documents that could prove the IRS shared taxpayer returns with the White House, FreedomWorks President Matt Kibbe released the following statement:

Personal Freedom and Prosperity 110: The Rule of Law
Obama and “Respect for the Rule of Law”
Addressing the United Nations, President Obama praised America for resolving religious and racial differences, which was achieved “with respect for the rule of law.” Mr. Obama said,

Senator Kay Hagan is trying to prove she can be tough on the president, (although voting with the president’s agenda 92% of the time makes it hard to believe) by issuing a harsh statement about his commitment to and treatment of veterans. Senator Hagan released a statement minutes after it was announced that President Obama was going to speak at the American Legion’s 96th National Convention. The senator states, “I hope to hear the president address these challenges at the American Legion’s National Convention in Charlotte. I will be there to discuss some of the steps I want to see taken in Washington to uphold the commitment our government has made to North Carolina’s veterans.” She goes on to brag she is Member of the Armed Services Committee and that she “comes from a strong military family.”